Nautilus 2006 Annual Report Download - page 149
Download and view the complete annual report
Please find page 149 of the 2006 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
 |
 |
12
Article 3.2 Power and Authority . The execution and performance by Seller of this Agreement and each other Transaction Document to
which it is a party (i) are within its corporate power and business scope, (ii) have been duly authorized by all necessary
corporate action, (iii) do not contravene its articles of association and (iv) do not contravene any law or contractual
restriction binding on or affecting it. Each Shareholder has the full legal right and authority to execute and perform his/her
obligations under this Agreement and the other Transaction Documents to which he/she is a party and such execution and
performance does not contravene any laws or contractual restrictions binding on or affecting him/her.
Article 3.3 Consents and Approvals . All authorizations, consents or approvals or other actions by, and all notices to or filings with, any
Government Authority required for the due execution and performance by Seller and the Shareholders of this Agreement and
the other Transaction Documents has been obtained.
Article 3.4 Binding Effect . This Agreement is, and the each other Transaction Document to which Seller or a Shareholder will be a
party when executed by such Party will be, the legal, valid and binding obligation of Seller or such Shareholder, enforceable
against Seller or such Shareholder in accordance with its respective terms.
Article 3.5 Ownership of Assets . Seller owns leases or has the legal right to use all of the Assets. Seller has good and marketable title
to, or, in the case of leases, valid and effective leasehold interests in, all of the Assets, free and clear of all Liens, except as
noted in the Schedules hereto.
3.5.1 Land Use Rights . Schedule 3.5.1 sets forth all of the land used in the Business for which Seller owns the land use rights
together with copies of the land use rights certificates evidencing Seller’s ownership of the land use rights of such land. All
of the land use rights relating to such land are granted land use rights and Seller has the right and power to transfer
ownership of such land use rights to Buyer.
3.5.2 Buildings . Schedule 3.5.2 sets forth the buildings owned by Seller and used in the Business together with copies of the
building ownership certificates evidencing Seller
’
s ownership of each such building.
3.5.3 Leased Premises . Schedule 3.5.3 sets forth the premises used in the Business which are leased by Seller. There is no notice
of cancellation or termination under any option or right reserved to the lessor under any such